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Doing Business in India For Dummies® by Ranjini Manian

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Putting Your Plan into Action

For a cut-and-dried list of the steps (laid out by the World Bank) you need to take to get your Indian business ball rolling with any of the entry routes described previously in this chapter, refer to the following steps:

1.
I presume you’ve chosen a name for your company. You need to make it official by getting it approved by the Registrar of Companies (ROC). You have to submit the name, along with the Memorandum of Association and Articles of Association to the ROC. Keep your fingers, toes, and eyes crossed while the ROC goes through the papers. After the ROC gives you the go ahead, get the documents printed.
2.
The next stop is the Superintendent of Stamps or an authorized bank. Purpose of the visit? To get the Memorandum of Association and Articles of Association stamped.
3.
Back to the ROC, taking with you the duly stamped papers. And don’t forget the registration fees. In return, you get a certificate of incorporation. For more info on registration fees, check out www.doingbusiness.org/ExploreTopics/StartingBusiness/Details.aspx?economyid=89.
4.
Have a company rubber stamp made.
5.
Now you need to get a PAN. No, don’t start digging through your cook-ware. You’re not going to cook anything. You need a Permanent Account Number (PAN) for tax registration, and to get one you have to go to the nearest Unit Trust of India (UTI) office.
6.
Visit the Assessing Office of the Income Tax Department to get yourself a Tax Account Number so your income tax can ...

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